Asian Hotels (East) Ltd Reports Q3 and Nine Months Financial Results for 2025, Highlighting Qualified Conclusion on GJS Subsidiary's Financial Position

Asian Hotels (East) Ltd has reported its unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December, 2025. The company's Board of Directors, upon recommendation of the Audit Committee, considered and approved the financial results and took note of the limited review report issued by M/s. Singhi & Co., Kolkata. The review report highlights a qualified conclusion regarding the recoverability of the company's investment in GJS Hotels Limited, a wholly owned subsidiary, due to non-compliance with certain terms and conditions of the lease deed. GJS has filed a writ petition challenging the order, but the company holds investments in GJS amounting to Rs. 860.86 lakhs in the form of equity shares and Rs. 399.39 lakhs as loans. The events and circumstances raise significant doubt regarding the recoverability of the company's investment in GJS, but no provision for impairment has been recognized in respect of these exposures in the statements. The total expenses for the quarter and year to date would have been higher by Rs. 1260.25 lakhs each, resulting in a reduction in net profit after tax and total comprehensive income.